Jim Rogers once said that Russia was a kleptocracy and he would never invest there. But the commodities guru is changing his tune. Last week Russian state-owned banking group VTB announced that he will advise their agriculture fund. He says: "to my own astonishment I am starting to consider [investing there] for the first time in my life."
Rogers detects glimmers of hope on the political and legal front. President Vladimir Putin "seems to have realised he will go down in history as just another thug unless he takes some real action he has started doing things that surprise me", says Rogers.
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